We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
D.R. Horton's (DHI) Q2 Earnings & Revenues Top Estimates
Read MoreHide Full Article
D.R. Horton Inc. (DHI - Free Report) is one of the leading national homebuilders. The company offers a diversified line of homes across various price points through its multi-brand platform. While its Express brand caters to entry-level buyers looking for affordability, its high-end brand, Emerald, targets luxury buyers. Moreover, the company enjoys one of the broadest geographic diversities in the industry.
D.R. Horton expects to deliver strong performances on the back of its robust sales trends, solid community count, strong backlog position and well-stocked inventory of land, lots and homes. However, gross margin pressures remain.
Investors should note the recent earnings estimate for DHI has moved up 0.6% over the last 60 days for the current fiscal year. DHI posted positive earnings surprises in three of the past four quarters, with an average surprise of 5.83%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DHI reported fiscal second quarter adjusted earnings of 91 cents per share, beating the Zacks Consensus Estimate of 86 cents.
Revenues: DHI reported total revenue (homebuilding, Forestar and financial services) of $3.79 billion, surpassing the consensus estimate of $3.75 billion.
Key Stats to Note: Net sales orders increased 13% both in value and in units in the quarter.
Check back later for our full write up on this DHI earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
D.R. Horton's (DHI) Q2 Earnings & Revenues Top Estimates
D.R. Horton Inc. (DHI - Free Report) is one of the leading national homebuilders. The company offers a diversified line of homes across various price points through its multi-brand platform. While its Express brand caters to entry-level buyers looking for affordability, its high-end brand, Emerald, targets luxury buyers. Moreover, the company enjoys one of the broadest geographic diversities in the industry.
D.R. Horton expects to deliver strong performances on the back of its robust sales trends, solid community count, strong backlog position and well-stocked inventory of land, lots and homes. However, gross margin pressures remain.
Investors should note the recent earnings estimate for DHI has moved up 0.6% over the last 60 days for the current fiscal year. DHI posted positive earnings surprises in three of the past four quarters, with an average surprise of 5.83%.
Currently, DHI has a Zacks Rank #3 (Hold), but that could definitely change following D.R. Horton’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DHI reported fiscal second quarter adjusted earnings of 91 cents per share, beating the Zacks Consensus Estimate of 86 cents.
Revenues: DHI reported total revenue (homebuilding, Forestar and financial services) of $3.79 billion, surpassing the consensus estimate of $3.75 billion.
Key Stats to Note: Net sales orders increased 13% both in value and in units in the quarter.
Coca-Cola Company (The) Price and EPS Surprise
Coca-Cola Company (The) Price and EPS Surprise | Coca-Cola Company (The) Quote
Check back later for our full write up on this DHI earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>